pls solve the problem
This query is : Resolved
kaushal vijaywargiya
(Querist)
10 July 2010
Sir
i am a bus body making contractor in a company and i issue my bill with the name of job charges and my annual turn over is 2700000. i have no service tax registration and my company allso not provided me service tax. but i want to file my income tax return . so may i file my return with following account head
material consumption 65 % of gross recipt
labour charges 22 %
other exps 6 % of gross recipt
in above case will i carry material bill & wages register after 8 & profit shown and will i give service tax
i am a bus body making contractor in a company and i issue my bill with the name of job charges and my annual turn over is 2700000. i have no service tax registration and my company allso not provided me service tax. but i want to file my income tax return . so may i file my return with following account head
material consumption 65 % of gross recipt
labour charges 22 %
other exps 6 % of gross recipt
in above case will i carry material bill & wages register after 8 & profit shown and will i give service tax
Madhukar N Hiregange
(Expert)
11 July 2010
NO service tax since the activity carried out amounts to manufacture as per the chpater notes to 87. It being exempted is another matter.
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